Oil industry senior management teams will discuss 2019 drilling plans at the EnerCom Dallas investment conference Institutional investors, portfolio managers, financial analysts, CIOs and other investment community professionals who invest in the energy sector should register online and attend the EnerCom Dallas investment conference, which is coming to The Tower Club Feb. 27-28, in the Thanksgiving Tower, downtown [...]
Ring Energy Inc. today released its operations updates for the fourth quarter and twelve months of 2018. In the three months ended December 31, 2018, the Company drilled 12 new horizontal wells. The Company drilled eight new horizontal San Andres wells on its Central Basin Platform asset, one new horizontal San Andres well on its North Gaines Property and three new horizontal Brushy Canyon wells on its Delaware Basin [...]
Ring Energy Inc. announced today that it has closed its transaction with Tessara Petroleum Resources, a wholly owned subsidiary of The Carlyle Group L.P. , for assets located in Andrews County, Texas. Ring issued 2,623,948 million shares of its common stock valued at $5.80 per share. The transaction has an effective date of November 1, 2018. The assets consist of 4,763 net acres. Ring will be the operator, have a 100 [...]
Ring Energy Inc. announced today that it has entered into a Purchase and Sale Agreement with Tessara Petroleum Resources, a wholly owned subsidiary of The Carlyle Group L.P. , to acquire assets located in Andrews County, Texas for 2,623,948 shares of common stock of the Company valued at $5.80 per share. The closing date of the transaction will be prior to year-end 2018, with an effective date of November 1, 2018. The [...]
Ring Energy Inc. provided an update today on its current operations for the fourth quarter of 2018. Mr. Danny Wilson, Executive Vice President of Operations, commented, “In late November, early December, we began experiencing delays on a few of the new wells during the completion process and clean-up prior to going into production. Historically, this process varies from well to well, taking anywhere from 30 to 90 [...]
Ring Energy Inc. announced today financial results for the three months and nine months ended September 30, 2018. For the three month period ended September 30, 2018, the Company reported oil and gas revenues of $32,687,179, compared to revenues of $16,643,930 for the quarter ended September 30, 2017. For the nine months ended September 30, 2018, the Company reported oil and gas revenues of $92,503,453, compared to [...]
Ring Energy Inc. has scheduled a conference call on Wednesday, November 7, 2018 at 11:30 a.m. ET to discuss the 2018 third quarter and nine month financial and operating results. Ring expects to issue a press release summarizing these results after the close of market on Tuesday, November 6, 2018. To participate, dial 877-709-8150 at least five minutes before the call is to begin. Please reference the Ring Energy [...]
Ring Energy Inc. today released its operations updates for the third quarter and first nine months of 2018. In the three months ended September 30, 2018, the Company, on its Central Basin Platform asset, drilled 16 new horizontal San Andres wells and were in the process of drilling two more. The Company also drilled two new horizontal wells on its North Gaines Property. All wells drilled in the third quarter were one mile [...]
Ring Energy Inc. has scheduled a conference call on Wednesday, October 3, 2018 at 12:00 p.m. ET to discuss current activity. To participate, dial 877-709-8150 at least five minutes before the call is to begin. Please reference the Ring Energy conference call. International callers may also participate by dialing 201-689-8354. A telephone replay will also be available for one week beginning two hours after the completion [...]
Ring Energy Inc. announced today an approximate $47 million increase in its capital expenditure budget for 2018, making an estimated total of $197 million. On February 20, 2018, the Company announced a preliminary CAPEX for 2018 of $150 million. Included in that initial budget were the drilling of approximately 60 new horizontal wells on its Central Basin Platform , continued improvements and upgrading of the existing [...]
Ring Energy Inc. announced today financial results for the three months and six months ended June 30, 2018. For the three month period ended June 30, 2018, Ring reported oil and gas revenues of $29,924,883, compared to revenues of $14,503,309 for the quarter ended June 30, 2017. For the six months ended June 30, 2018, the Company reported oil and gas revenues of $59,816,274, compared to $26,747,102 for the six months [...]
Ring Energy Inc. has scheduled a conference call on Thursday, August 9, 2018, at 11:30 a.m. ET to discuss the 2018 second quarter and six month financial and operating results. Ring expects to issue a press release summarizing these results after the close of market on Wednesday, August 8, 2018. To participate, dial 877-709-8150 at least five minutes before the call is to begin. Please reference the Ring Energy conference [...]
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